After 7 years of global auto expansion - and unprecedented NAFTA returns - FCA has done too little to insure itself against a downturn in our view. As the end of a lease driven bubble approaches, and M&A optionality fades, FCA looks out of time.

I think the thing that really stands out to me is the casting, when you’re looking for a young child actor you don’t know what David Fincher and Kathy’re like because David Fincher and Kathy’re just starting out. Haley [ Joel Osment ] came in and read the part and we were in a conference room and M. Night Shymalan just turned to us and said, ‘ That’s our kid ! ’.